Egypt sits on a key strategic location between North Africa and the Middle East, where almost 4 mb/d of oil transit through the Sumed pipeline and the Suez canal. Shipping firms brace…
2/3 of Egypt’s oil is gone 20 years after its peak
No matter who is ruling Egypt and for how long, this country faces a crippling energy crunch which contributes to the general dissatisfaction of the public and the accelerating changes we see…
Australian oil and fuel dependency on the Middle East is 37 %
Australian crude oil imports Imports from South East Asian neighbours (black line) peaked in 2007. Since then, Australian refineries did a good job to import crude from far-away places including Russia and…
South East Asian oil producers – the widening gap between oil production and consumption
BP’s recently released Statistical Review 2013 allows us to analyse the oil supply and demand situation in South East Asia. We start with Indonesia: Indonesia’s painful medicine 17/6/2013 It’s been described as…
FSU crude oil exports declined by 5.5 % in last 2 years
Former Soviet Union (FSU) crude oil exports declined from 6.76 mb/d in 2010 to 6.39 mb/d in 2012 (-370 kb/d), or 5.5%, mainly due to a 13% decrease in Black Sea shipments….
World car production grows 3 times faster than global oil supplies
As Ford Australia announced the closure of its factory in 2016, the Sydney Morning Herald ‘s headline was: 24/5/2013 Era of the Aussie car over http://www.smh.com.au/business/era-of-the-aussie-car-over-20130523-2k48f.html Right. There is an overproduction of…
Half of oil burnable in 2000-2050 to keep us within 2 degrees warming has been used up as we hit 400 ppm
This article shows CO2 emission profiles from oil, analyses how regional peak oil events shape emission curves and calculates that an annual 6% oil decline rate after 2012 would be needed to…
Excluding the US, rest-of-world crude production in 2H2012 was not higher than in 2005
Excluding the US, rest-of-world crude oil production in the 2nd half of 2012 was on the same level as in the 2nd half of 2005, despite 85% higher oil prices. There are…
Iraq war and its aftermath failed to stop the beginning of peak oil in 2005
It is now 10 years that the coalition of the willing, err… peaking (US peak 1970, UK peak 1999, Australia peak 2000) invaded Iraq. This was not just an oil war. It…
International oil companies’ oil production peaked in 2004 and declined by 2.1 % pa
Oil production (crude and NGLs) of 5 international oil companies has been declining by a total of 15% over the period 2004-2011. Merci, Jean (Lahererre, ASPO France) pour m’avoir envoyé quelques graphes…